© Reuters. FILE PHOTO: Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo
(Reuters) – Twitter Inc (NYSE:) is poised to accept billionaire Elon Musk’s “best and final” $43 billion takeover offer, people familiar with the matter told Reuters on Monday.
Earlier in April, the social media company had adopted a “poison pill” to protect itself from Musk’s $54.20 per share offer, which followed days after he had disclosed a 9.2% stake.
The tech entrepreneur, whose net worth is nearly $300 billion according to Forbes, has founded, co-founded or is leading the following companies:
COMPANY NAME YEAR FOUNDED WHAT DOES IT DO?
Neuralink 2016 The brain chip startup aims to
connect humans and computers.
In July last year, it said https://www.reuters.com/technology/elon-musks-neuralink-raises-over-200-mln-google-ventures-others-2021-07-30
it had raised over $200
million from investors
including Google (NASDAQ:) Ventures.
SpaceX 2002 The company designs and
manufactures aerospace
technology, and aims to land
its rockets on Mars before
2030. It was valued at over
$100 million, CNBC reported https://www.cnbc.com/2021/10/08/elon-musks-spacex-valuation-100-billion.html
last year.
The Boring 2017 The underground tunneling
Company company aims to build
hyperloops, an ultra-high-speed
ground transportation system
for passenger and cargo, to
solve big city traffic
problems.
Tesla (NASDAQ:) Inc 2003 The electric-car maker, which
went public in 2010, is valued
at more than $1 trillion, more
than legacy automakers Ford and
General Motors (NYSE:) combined. Last
year, Musk said the company
will probably launch a “Tesla
Bot” humanoid robot prototype
in 2022, designed for
dangerous, repetitive, or
boring work that people don’t
like to do.
PayPal (NASDAQ:) 1998 The fintech company went public
Holdings Inc first in 2002, and was bought
by eBay Inc (NASDAQ:) for $1.5 billion
soon after. It then went public
again in 2015.
The tech entrepreneur’s investments in other smaller startups:
COMPANY NAME YEAR FOUNDED NOTES
Stripe Inc 2010 The digital payments company
was valued at $95 billion in a
fundraising round last year.
Reuters reported in July 2021
that Stripe hired a law firm
in its first major step
towards a stock market debut.
Vicarious 2010 The artificial intelligence
and robotics company, which
has received over $250 million
in funding, also counts Jeff
Bezos and Mark Zuckerberg as
its investors, according to
its website https://www.vicarious.com/company.
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